FinTech partnership strengthens position of five°degrees and W.UP in European banking and finance market

1 August 2019

five°degrees welcomes W.UP as part of its Open Banking Marketplace connecting banks and fintechs within a digital ecosystem
Amsterdam, 31st July 2019 - Today five°degrees; a digital core banking provider, announces its partnership with W.UP, a banking provider that uses artificial intelligence to generate digital revenue and interact with clients.

As part of the partnership, W.UP: a London and Budapest based FinTech, becomes part of five°degrees Open Banking Marketplace: an interconnecting banking and finance ecosystem that enables competitors to work together to improve the end-user experience for its customers.

The collaboration between the two FinTechs will help to strengthen the position of five°degrees and W.UP within the European banking and finance market.

Commenting on the partnership, Peter-Jan Van De Venn, Executive Vice President, five°degrees said: “Partnering with W.UP is testament to our vision for the future of banking and finance. Through fostering a culture of collaboration among industry competitors, we are providing an unrivalled customer experience enabled by interconnected APIs within an Open Banking Marketplace. We are delighted to welcome W.UP as part of the five°degrees Open Banking Marketplace.”

Remco Veenenberg, Head of Alliances, W.UP said: “There are more than 5,000 fintechs in Europe alone, all wanting a piece of the pie. The decisive factor for winning or losing this battle will be synergies with companies that offer cutting-edge services that complement banks’ capabilities, such as W.UP’s Sales.UP personalisation and analytics tool for five°degrees’ digital core banking platform.”

Zurich, July 25, 2019 – Kickstart has set a new record for the fourth edition of its ecosystem innovation program in Zurich: 48 national and international tech startups and scale-ups are taking part in this year's edition. Additionally, nine corporate innovation teams, so-called entrepreneurship teams, have made it into the program. They all aim to take their business to the next level and, together with established organizations, promote tech innovation in Switzerland.

About Five Degrees:

Five Degrees is a banking technology company founded in 2010 and has its headquarters in the Netherlands. By supporting financials in their digital transformation with its next-generation digital core banking platform, Five Degrees is the three-time consecutive member of the FinTech50 and a Dutch FinTech Award winner in the Banking IT category. For more information, visit https://www.fivedegrees.com/ or follow on Twitter @fivedegrees

About W.UP:

W.UP's mission is to transform the way banks generate digital revenue and interact with clients through AI-powered experiences. Headquartered in Budapest, W.UP was established in November 2014 by a group of highly skilled fintech specialists, each with more than 15 years of experience in digital banking from all over the globe.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development